Newmark Knight Frank announced recently that it has completed a renewal and extension of PNC Financial Services' lease at its East Brunswick-based headquarters.
The 90,000-square-foot lease is located at 2 Tower Center Blvd.
David Simson, NKF vice chairman and chief operating officer, represented the tenant during the negotiations. Jeremy Neuer, senior vice president of CBRE, represented the landlord, LHR Group.
Two Tower Center’s ownership, according to NKF, recently repositioned the property with several upgrades, including a conference center, health club and cafeteria. The building is located directly off Exit 9 of the New Jersey Turnpike.
“We are delighted to have assisted PNC with this high-profile transaction, to accommodate the long-term vision and objectives of the organization for the foreseeable future,” Simson said. “The upgraded and modified offices will offer more efficiency, creating the appropriate workplace strategy.”
The entire center is comprised of 406,000 square feet and features office spaces throughout its 24 floors. It has a seven-story parking garage with 1,490 spaces and lies directly adjacent to its sister property, One Tower Center, as well as a Hilton Hotel.